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right now has been a nightmare for federal and local law enforcement. the leaks that came out today should be an embarrassment. i'm certain that they are. there may be a couple of meetings going on with the chief of police in boston whose department tweeted out information about an arrest today which was completely erroneous. this has been embarrassing for law enforcement at the wrong time. >> so it wasn't the a.p., it was the tweet and the a.p. picked up the tweet? >> yes, the police department apparently tweeted out some information about an arrest. >> bob, talk to me about that and the fact that they still have made considerable progress, have they not, since the terror attack occurred. a lot of people didn't think that they would have a person of interest either in custody or even an image of that person by this point. >> well, since 9/11, the department of homeland security and law enforcement at large has really taken some really tremendous strides and using technology to be able to assist law enforcement, the cameras, surveillance cameras, all those things become part of this
told to shelter in place, as you well know. and as a result of this, law enforcement authorities are very hopeful that they will be able to conclude their search by going door to door. last check, they had about 70% of that accomplished. we're still waiting for an afternoon briefing. we don't know when that will occur. but in the early morning briefing, they did say there were new developments they were trying to run down and firm up and they would bring us those at the afternoon briefing. of course, as you know, things are changing quite rapidly and as a result of that, that briefing may get pushed back once again. so, that's what we know at this point. and they came, the suspects, as you know, came from an area in russia quite close to chechnya. we are still translating those tapes that we got from the father, an interview that he did with reuters. it's in russian, we're translating it. a number of the family members have been speaking out with very diverse opinions on this whole situation. so we're working on those, we'll bring them to you when we have them. maria and andrew,
, and it does appear according to nbc news sources in law enforcement, that there is some video of somebody placing a black bag or a dark bag at the site near the site of the explosions. we should caution that there may have been a lot of people placing bags on the ground, as they come to watch runners pass the finish line. that may not have been the bomb at all. but if you are an investigator trying to get to the bottom of this, that's someone opportunity to talk to. and what law enforcement sources are telling us is that there are a lot of people now that they want to talk to based on all of this evidence. but with everybody, world media here, law enforcement agencies from around the country, really lacking at this, there are a lot of -- there's a lot of information that's flying around and a lot o opportunipportuniti to conclusions. that appears to be what happened. nonetheless, they've made some tremendous strides. we can see that based on what we're looking at on the ground since the attacks on monday afternoon. guys? >> a great rundown, scott, of what we know and don't know at this po
donald and seema mody. lingering questions about the boston terror bombing. what law enforcement can do to stop future attacks. former attorney general alberto gonzalez is our next guest up on kudlow. oh, boy. [ groans ] ♪ ♪ [ engine revs ] ♪ [ engine revs ] if you've got it, you know how hard it can be to breathe and man, you know how that feels. copd includes emphysema and chronic bronchitis. spiriva is a once-daily inhaled copd maintenance treatment that helps open my obstructed airways for a full 24 hours. you know, spiriva helps me breathe easier. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine. other side effects include dry mouth and constipation. nothing c
does law enforcement approach this scenario? what do you think the next few hours will look like? >> i think it will be a deliberative and careful process. as you say, they are closing in on the suspect and that is tightening. one of the concerns is does this individual have explosives attached to his body, has he taken someone hostage. is that wired explosively and we've seen that in other plots as the net tightened that the individuals decided to use explosives. >> we have boston p.d. on this, there's fbi, there's atf and massachusetts guardsmen. who is in the lead here? >> the lead will be the joint terrorism task force which is led by the fbi. so in a sense, they're organizing all of the constituent agencies and giving direction. i wonder, someone mentioned the events in the last three hour, this all was an attempted robbery. an m.i.t. rob shot and killed, grenades thrown from a vehicle. report of the dead suspect having an ied on his person. characterize, scale from one to ten, level of danger as they get closer to this remaining suspect? >> i would say it's about a level eight. b
to a law enforcement official, an arrest is imminent and the suspect is to be brought to court. we will put all of this in perspecti perspective. the events are moving fast. more details right after the break. pocket agent app. you can also get a quote and pay your premium with this thing. i thought state farm didn't have all those apps? where did you hear that? the internet. and you believed it? yeah. they can't put anything on the internet that isn't true. where did you hear that? [ both ] the internet. oh look. here comes my date. i met him on the internet. he's a french model. uh, bonjour. [ male announcer ] state farm. more mobile than ever. get to a better state. ♪ ♪ [ male announcer ] this is a reason to look twice. this is a stunning work of technology. the 2013 lexus es and the first-ever es hybrid. this is the pursuit of perfection. >> all right. let me read you what the associated press is reporting. and of course, scott is working on this story as the situation develops. a law enforcement official according to the associated press, who has been briefed on the investigation,
were the law enforcement officials doing their job. so you have a community that is very much cooperating with law enforcement in this lockdown. everybody understands the importance and the need to stay out of the way and let the officials do their job, as they go literally door to door to juror, to try to find this 19-year-old suspect. so, yes, this has been a day like no other. i can guarantee you, in the city metropolitan area around boston. >> and the thinking, bill, in terms of going door to door, the thinking is, perhaps someone is hiding them in their homes? it's quite fascinating that the police are going door to door in all of these homes in that region. >> the thinking, maria, is that this 19-year-old may be holding somebody hostage in their home. you're not supposed to open the door to anybody unless they identify themselves clearly as a law enforcement official. so it is clear, they are still going door to door, and it is possible, they believe, that this 19-year-old chechen could be holding somebody hostage or could be on the move and trying to, you know, find a l
of that fight. how did he -- and law enforcement is doing a great job, but how is it that he got away? how far could he have gotten? >> well, he could be anywhere. they still -- the operative theory as far as everybody that we have heard as of midday today was that he was still here, or in the immediate boston area. but as one of your guest said, he's a local boy. he knows this area and knows where to hide and where to go. the hope is that they've got him, but he certainly isn't making himself known. and one of the things about keeping everybody inside is that if he does go outside, if he does try and get away, he would be pretty easily spotted. i mean, this is really -- it is like a ghost town with the exception of the military and an awful lot of media waiting here. the thinking is you would know him. this is where they chased him to and where they last had him. so it makes sense that there's a heavy search here. but as you know, the public transit, the amtrak trains, everything has shut down in this whole metropolitan area, and a lot of people are looking for him. >> and there's really only
law enforcement officials would be thinking at this time. >> well, i think the main goal right now is to get this other guy in custody before he hurts anybody else and try to close out the situation. he's a very, very dangerous person. i don't think anyone is safe in that area until he's apprehended. and it sounds to me like he doesn't want to be taken alive. so there could be another chutout before this whole thing is over. >> that's what you speculate because the other suspect had an ied strapped to his chest? >> absolutely. we don't know the whole background on these guys. we don't know what their motive was. we don't know exactly all the things. a lot of it is going to be -- we're going to determine that in the next several hours. but it doesn't sound like they want to be captured or he wants to be captured and go through the justice system. i think he's going to shoot it out within way or the other. >> let me ask you a quick question. can this be done by two individuals? meaning do you need more of a support system to get all of the materials that were clearly required to this
theory? >> well, i think it's out there. i think it's something of a society and certainly the law enforcement and the intelligence community, they clearly know that this is not a hoax. this is not something that somebody is coming up and developing and so forth. those organizations and the type of organizations that are really fertilizing terrorist activities, it's real. and it's real for the united states. i think we've gotten a piece of that here in the last few weeks here, based on the activities that we've taken place there. if you talk to many of the law enforcement people and so forth, they will look back and say, "this had to be an operation by these two young men that was planned and it was worked over years, not over just a few weeks or so, over months and over years that they have been there". >> chief shaffer, a lot of people are saying this, there are 100 agents or more looking for this cell. these two guys couldn't have done it. they are amateurs, what is your take on this? are we going to wake up and find out there was a much bicker conspiracy. >> if you look at what
devastation. it started out as a law enforcement investigation, but as authorities said last night that is likely to change. >> this will be a combined, federal, state and lookal effort. it will be an ongoing investigation, it is a criminal investigation that has the potential -- is a potential terrorist investigation. >> our next news briefing is just minutes away at the bottom of the hour and cnbc will carry at least part of that live. it is going include massachusetts governor deval patrick and the fbi special agent in charge who you just heard of, massachusetts, two u.s. senators are both at the westin hotel behind me and a large amount of media from around the world. everyone asked me the same question, which is why? david? >> thank you very much, scott cohn reporting, of course, from boston. after a very rough monday which sought dow plunge by almost 266 points since the biggest drop in november. futures are on the rebound. better than expected from coca-cola and johnson & johnson, but on the flipside, target warning that its first quarter earnings citing expectations and cit
to finally get an official briefing from law enforcement, as bill said, that will come roughly around the top of the hour. and the plan is that it will be all law enforcement. the previous briefings have included the governor and the mayor. this is now sort of getting down to business, and it is widely anticipated that we will probably see some pictures of people of interest, that they captured on video at the time of the explosions on monday afternoon. that's part of the whole process of healing this city, healing our city was the theme of the remembrances today in boston, culminating in an hour and 15-minute long memorial service, interfaith service, at the cathedral of the holy cross. president obama speaking and delivering a message of renewal. >> this time next year, on the third monday in april, the world will return to this great american city, to run harder than ever and to cheer even louder, for the 118th boston r marathon. >> reporter: the president is now back in washington, and in washington on capitol hill, a couple of top law enforcement officials testifying about the budget f
that there will be some change in the electoral law, in the expanse public sector and for the italian politics and some changes in terms of structural reforms that could carry over until the beginning of next year. while obviously it's not the ideal scenario overall, because italy needs something more than just a little changes here and there, but that would be the first step in the right direction. >> right. and as annalisa says, futures could cause near term volatility. thanks very much. she's a senior economist at new edge. speaking of tumultuous, russia's president is coming under controver controversy. while russia's economy hadn't performed badly last year, falling commodity prices risk pushing the country into recession. these comments come just hours after president putin threatened to fire officials for not following his orders on public spending. geoff cutmore is outside this event. what are you hearing about these concerns and the russian economy overnight? >> reporter: absolutely. fascinating issue. we clearly see some risks emerging in the russian government at this point. and i just want
on cnbc, to bring you the very latest. >> in the meantime, as law enforcement officials get set for that news conference at the top of the hour, amid premature reports that an arrest had been made in the marathon bombing, scott cohn is in boston with the very latest details for us. scott? >> good afternoon, bill. let's first get you up to date on the situation at the federal courthouse, which is about two miles from here. as you said, there was a bomb threat an hour or so ago, unrelated to the situation at the bottom marathon and the attacks there. our producer on the scene says that he has seen fire trucks enter the area, firefighters go into the building, agents with dogs go into the building, but notably, no bomb squad going into the building. obviously, the vast majority of bomb threats phoned in anywhere turn out to be false and we'll hope that that is the case. and here's how the day sort of plaid out. early in the morning, or i should say, with around mid-morning, on boyle boylston street, we saw quite a bit of activity, agents combing the area. perhaps they're combing it
're sharing it with other law enforcement agencies, just trying to see if anybody knows this person and there is to doubt a strategy to that. but they don't want to get the information or any pictures out of the public yesterday to perhaps clue this person in on where they're at in the investigation. so we can't independently verify any of those other pictures that are floating out there and i can tell you that the authorities have not officially released any pictures. >> has there been a sense of frustration from the authorities, scott, because of all of the, you know, head fakes and misinformation that has gotten out, some of the early stuff that's been out, also because of potential media that's made it easy to make these pictures go around very quickly. >> well, i'm sure there's a great deal of frustration. we've with he got the fbi's statement that came midafternoon yesterday after the false reports of an arrest. that was pretty strongly worded that said that basically admonished the media to vet your information better. that said that the reports of an arrest were erroneous an
the latest out of the boston area. it began last night, in fact. two men identified by law enforcement sources as the boston marathon attack suspects armed with explosives and guns were battling authorities in a suburb of boston suburb watertown this morning. there was chaos until police took one man into custody and the other one fled. he is said to be armed and dangerous. one of the suspects taken into custody is dead. the other is still on the run. the standoff erupted shortly after the shooting of a police officer. now, references the photograph released by the fbi on thursday, authorities say it's the white hat suspect known as suspect number two who remains on the loose. again, as authorities told us in a preference conference this morning, he is considered armed and dangerous, a threat to anybody who might approach him. that's why the authorities in that area are warning residents in the area to stay in their homes. they're warning motorists, as well, moving through obviously not to pick up anyone that they might see on the road. there are reports of explosive devices. one resid
's marathon bomb, now responding to investigator's questions. law enforcement trying to piece together what was behind the attacks. scott cohn has the latest on the investigation. good morning, scott. >> good morning, andrew. we expect there could be criminal charges against dzhokhar tsarnaev today. chillingly after the bombing a week with ago today, he and his brother tamerlan appeared to resume their normal lives. friends say he was at dartmouth, work withing out at the gym, talking about the bombing. and they are still in disbelief. >> it's hard top comprehend someone could go doing normal college kid stuff to bombing a marathon. >> and that about the older brother, tamerlan, 26 years old? he apparently talked to his parents in russia after the bombing and said everything was okay. he he went back to russia last year and was not interviewed afterwards. that has some on capitol hill wondering how did the intelligent agencies miss this? >> the fact that we could not track him as to be fixed. it's people like this that you don't want to let out of your site. this was a mistake. i don't know
terrorists have been tried and convicted under this law and that people should have faith in the justice system. did the complaint or the arraignment documents include any information as to whether the justice department intends to ask for the death penalty or is that a decision that will come downstream? >> it will presumably come downstream but i think it's a fair bet that they will. i should add that the justice department arraigned him in his hospital bed. >> let me bring in john and brian. we were going to talk about something else but this trumps a all. two gentlemen have law degrees. >> the court can arraign without a grand jury proceeding. and so, i think, you know, this is a very good thing to be doing outside of the military. we can show that in the united states there are normal criminal procedures. we don't need to declare him an enemy. that's calling him a soldier, but he's not. he's a terrorist. >> does he have to be present at the time the arraignment was delivered? >> he was arraigned in his hospital bed, which means that a federal magistrate came to the hospital and he h
and doesn't care about anyone else. law enforcement has an extremely difficult challenge but they are up to it. >> we are showing video of officers going house to house in watertown. can you tell us what's happening as we go into the home, what they're doing and how they're questioning people. >> oh, sure. experience leads them to fully verbalize what they're doing, to assess the people that they're talking to. they're trying to read body signs and body language, i guess it could be that the homeowner doesn't know that the person is in their house or basement or shed. so they have about 15, 20, 30 things to think about while they're doing this. it's something that they're used to. >> difficult choices, i would think, given the fact that if indeed you have a homeowner that doesn't know they have a fugitive in their house, i cannot imagine the pressure that these officers and these military people are under when they have to make that choice. and what if this guy has explosives strapped to him. what do they do? how do they make those decisions? >> those choices are ones that they have to c
. ♪ >>> details emerge in the boston bombing investigation. we will bring you the latest from law enforcement officials on possible suspects and bomb materials. plus the reaction in the markets. >>> bank of america reporting. first number that the company's giving is 20 cents a share, net income of $2.6 billion. >>> we've got an analyst to break down the results. >> volatility and equities and commodities. we're going to tell you what's driving moves in stocks, currency and gold. the third hour of "squawk box" begins right now. >>> welcome back. welcome back to "squawk box" here on cnbc. i warned you. first in business worldwide. i'm joe kernan along with becky quick and andrew ross sorkin. >> good morning. >> we're looking at the boards. u.s. equity futures down 91 points now. better than they were before. but a little disappointing given that we got back like 160 points of that big selloff that we saw on monday. which was hard to -- before. once boston happened, it made sense. but before that -- >> it started before that. >> commodities going down should be good. but what it means is when y
the rule of law which was broke erng but as we go to break, we do want to show you a great moment last evening. the boston bruins game in boston. the fans all sang along to the national anthem. god bless them. ♪ at twilights last gleaming ♪ whose proud stripes and bright stars ♪ ♪ through the peril us fight o're the ramparts we watch were so gallantly streaming ♪ [ male announcer ] when gloria and her financial advisor made a retirement plan, they considered all her assets, even those held elsewhere, giving her the confidence to pursue all her goals. when you want a financial advisor who sees the whole picture, turn to us. wells fargo advisors. >>> welcome back to "the kudlow report." we have breaking news tonight as the fbi does release those photos and videos of two suspects responsible for monday's tragic bombing at the boston marathon. we are back with our distinguished guests tonight. chris, i don't think you got a chance to weigh in on larry's question before the break which is are you satisfied that it's these two individuals or given the confidence that they seem to h
injured. and now a full blown law enforcement investigation going on led by the fbi. >> this will be a combined federal, state and local effort. it will be an ongoing investigation. it is a criminal investigation that is -- has the potential -- is a potential terrorist investigation. >> and, of course, terrorism, the operative phrase here, whether it was organized terrorist groups, whether it was a smaller group or whatever, we don't know. there have been claims of responsibility online, but authorities are suggesting to nbc news that a lot of that is background noise. it might be people who are just being opportunistic. so we will see what happens. we're still several hours away from the next press briefing at 9:30 eastern time where we'll hear more from the fbi, what they found overnight and we should point out that authorities were at an apartment building in revere, massachusetts, about 20 miles away from here. we do not know what relation, if any, there was to the incident but it was a federal search warrant reportedly that was carried out. guys. >> do we know i
things are temporary and they'll go away, we hope. >> my goal is i want to go back to law school and become a lawyer for bank of america. this is the most remarkable quarter where j.p. morgan beat them in credit card and pnc beats them in all lines, but in the end we got them here at the conference call because i just don't believe too could be that sluggish or that merrill could have such bad trading. there is a code here and i don't have it yet. i just don't believe that bank of america is this bad. i just don't think it's that much of an outlook. >> the stock is down, not a terrible move dunn. there was some litigation expense that perhaps was unexpected related to countrywide. the story in part has been let's release those litigation reserves that they've been building up, but not as much as had been hoped. that's still out there. >> you're taking a billion in costs and shouldn't you explore the earnings line? >> that's a lot of cost to take out, but you have to give credit, at least that they have been successful in doing what they said they would when it comes to costs. >>
, iranian, north korean, you name it, we simply can't treat it as a law enforcement issue, where we have to prove the involvement of the president of the country or the dictator. we've got to make sure we understand these are acts of war if they're foreign inspired. but we won't know that until this forensic and evidential process has been completed. >> well, they say that they did a bomb sweep, right before the race. how foolproof are those bomb sweeps? and i mean, how is it possible that garbage cans were around as well? didn't we get rid of garbage cans for this very reason? >> well, you know, we'll find out more. the boston police are first rate. i know these big events are all scrutinized very closely. certainly, the brits understood, you've got to get rid of public trash cans. but i think, look, maria, it's astonishing to me that we haven't had this happen four times a year since 2007. mostly, it's a credit to local law enforcement. and by the way, we ought to add, thank god for the fbi and the cia, running both foreign and domestic counterterrorism operations. this open, free soci
, marking a dramatic turn for law enforcement officials trying to piece together what was behind that attack. our scott cohn is in boston and has the latest on the investigation. scott, good morning. >> reporter: good morning, carl. it's hard to believe it's been one week since those horrible bombings at the end of the boston marathon. later today at 2:50 local time, the precise time of those bombings one week ago, there will be a moment of silence in boston and church bells will toll throughout the city. dzhokhar tsarnaev, the 19-year-old bombing suspect remains in serious condition where he is recovering from his wound, but apparently he is alert enough to begin responding to some of the investigators' questions. many of those responses in writing because he has gunshot wound possibly, self-inflicted to the throat, but amazingly, he and his brother for some three days managed to hide in plain sight. dzhokhar at umass dartmouth where he was a student, he worked out in the gym, even talked to friends about the bombing. imagine how chilling that was for his classmates. >> i'm in diss belief,
a continued heightened law enforcement presence as the city tries to come to grips with a violent attack in the heart of boston. and that was katie davis there with that report. now london's metropolitan police are reviewing security plans for this sunday's marathon after the explosion in boston. the minister told bbc the best way to show solidarity with boston is to continue the race as the french president has stepped up security around public buildings in this country and raised the threat level to red. >>> speaking earlier, it was said the long lasting impact of terrorist attacks are low. >> research into terrorist incidents over many, many years, their economic impact, their direct economic impact tends to be very, very small, indeed. a lot of good research done on this in israel. what i would say is yes, of course, very often the economic cost is largely in how we react. what new measures are put in place to counter this sort of thing often i'm afraid a certain amount of closing the stable door after the horse has bolted. i'm afraid we live in a world where terrorism incidents are
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